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Exchange Rate and Economic Impact of Depreciation

The exchange rate is a widely discussed topic at present. There is much debate on whether the exchange rate should appreciate or depreciate due to its impact on economic activity. Although there are pros and cons of depreciation of the exchange rate, the popular sentiment is against the depreciation of the exchange rate. Opponents of…

(0)Comments | December 23, 2016 4:23 pm

The Government turns a blind eye to the common man

By G.K.S. Ekanayake- Retired Leasing Consultant The transportation sector has been under the watchful eyes of many in the recent past because of the undue pressure imposed on 1/3 of the country’s population who make a living through anything and everything related to the Three-wheeler industry. In their recently proposed national budget for the fiscal…

(0)Comments | November 17, 2016 5:02 pm

Three Sri Lankan hotels that are like heaven on Earth

Shangri-La’s Hambantota Resort & Spa, Hambantota Between the oncoming trucks and the hairpin bends, it’s a nerve-jangling three-hour drive from Colombo to the new Shangri-La’s Hambantota Resort & Spa, on Sri Lanka’s unspoilt south coast. But it’s also a beautiful journey through lush forests and well worth it. Built on the site of a former…

(0)Comments | November 12, 2016 8:12 pm

No room should be left to ‘distort’ the freight market in Sri Lanka, which was set straight

By Dinesh De Silva – Chairman Import Section of the Ceylon Chamber of Commerce The impact of shipping surcharges including terminal handling charges have been battering the Import and Export industry from 1991 to 2004. Import Export trade knowing the effects on their respective business and keeping the end consumer in mind lobbied with every…

(0)Comments | October 31, 2016 11:10 am

Affordable Property in Sri Lanka

Since the declaration of peace in Sri Lanka in 2009, real estate on the island has experienced a rapid revival. This revival has turned into a boom, and as a consequence, property prices on the island have soared. In rapidly developing countries, a property boom often makes affordable housing hard to find. However, initiatives to…

(0)Comments | October 13, 2016 1:29 pm

ACCA’s New Chairman Member Network Panel Outlines Plans For Enhancing The Profession In The Country

Adrian Perera , the newly elected Chairman Member Network panel of ACCA Sri Lanka, believes that to develop and prosper, every country needs the core skills of professional accountants to build transparency and accountability for strong, sustainable government, companies and societies . Accountants need to have ethical standards and competencies, ask the right questions and…

(0)Comments | October 10, 2016 10:00 am

“SLIM Brand Excellence ensures that everyone walks away a winner” – Pradeep Edward, Vice President of SLIM

The Vice President of SLIM, Mr. Pradeep Edward has high hopes for this year’s SLIM Brand Excellence Awards, which he feels has gotten off to a flying start with the highest number of entry applications being received by SLIM for the event. As the Director / CEO of GAP Holdings (Pvt) Limited, Mr. Edward has…

(0)Comments | September 26, 2016 11:24 am

Sri Lanka’s Credit Card outstand balance reaches Rs. 65,000 million

The Central Bank of Sri Lanka (CBSL) has revealed the number of active credit cards in Sri Lanka by end June 2016 was 1,205,422. This number had been 1,191,448 by end May 2015 and 1,142,231 by end December 2015, according to the weekly economic indicators release by the bank. The indicators also reveal that from…

(0)Comments | September 13, 2016 4:43 pm

5 reasons why everyone should learn to code

By Hon. Minister Harin Fernando, Minister of Telecommunication and Digital Infrastructure 12 September is not just the 256th day of the year – it is also International Programmer’s Day, a time for us to celebrate the architects behind our increasingly digital world. In case you’re wondering- the number 256 symbolizes the number of distinct values…

(0)Comments | September 12, 2016 12:25 am

“SLIM NASCO will Revolutionize the Structure of Sales Management in Sri Lanka” – Neil Samarasinghe, Head of Judging Panel, NASCO 2016

With the SLIM NASCO campaign currently on going, we thought it appropriate to meet with the esteemed head of this year’s Judging Panel, Mr. Neil Samarasinghe and gather some valuable insight on certain aspects of the National Sales Congress (NASCO), which is a prominent annual event in the calendar of the country’s Sales & Marketing…

(0)Comments | August 24, 2016 12:15 pm